M3-Brigade Acquisition III (M3-Brigade Acquisition III) Operating Income : $-3.09 Mil (TTM As of Jun. 2023)

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What is M3-Brigade Acquisition III Operating Income?

M3-Brigade Acquisition III's Operating Income for the three months ended in Jun. 2023 was $-0.56 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2023 was $-3.09 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. M3-Brigade Acquisition III's Operating Income for the three months ended in Jun. 2023 was $-0.56 Mil. M3-Brigade Acquisition III's Revenue for the three months ended in Jun. 2023 was $0.00 Mil. Therefore, M3-Brigade Acquisition III's Operating Margin % for the quarter that ended in Jun. 2023 was %.

M3-Brigade Acquisition III's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. M3-Brigade Acquisition III's annualized ROC % for the quarter that ended in Jun. 2023 was -0.56%. M3-Brigade Acquisition III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was %.

M3-Brigade Acquisition III Operating Income Historical Data

The historical data trend for M3-Brigade Acquisition III's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

M3-Brigade Acquisition III Operating Income Chart

M3-Brigade Acquisition III Annual Data

Trend

Dec21

Dec22

Operating Income

-2.79

M3-Brigade Acquisition III Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Operating Income	Get a 7-Day Free Trial					-0.26	-0.22	-1.96	-0.36	-0.56

M3-Brigade Acquisition III Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.09 Mil.

M3-Brigade Acquisition III (NYSE:MBSC) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

M3-Brigade Acquisition III's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-2.232 * ( 1 - 21.9% )	/	( (309.884	+	312.953)	/ 2 )
=	-1.743192	/	311.4185
=	-0.56 %

where

	Invested Capital		(Q: Mar. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	310.465	-	3.001	-	( 0.247	-	max(0, 3.001	-	0.581	+	0.247	))
=	309.884

	Invested Capital		(Q: Jun. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	313.629	-	3.863	-	( 0.498	-	max(0, 3.863	-	0.676	+	0.498	))
=	312.953

Note: The Operating Income data used here is four times the quarterly (Jun. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

M3-Brigade Acquisition III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.232	/	( ( (0 + max(-2.667, 0))	+	(0 + max(-3.685, 0)) )	/	2 )
=	-2.232	/	( ( 0	+	0 )	/	2 )
=	-2.232	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.334)	-	(3.001	+	0	+	0)
=	-2.667

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.178)	-	(3.863	+	0	+	0)
=	-3.685

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

3. Operating Income is also linked to Operating Margin %:

M3-Brigade Acquisition III's Operating Margin % for the quarter that ended in Jun. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	-0.558	/	0
	=	%

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

M3-Brigade Acquisition III Operating Income Related Terms

Thank you for viewing the detailed overview of M3-Brigade Acquisition III's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

M3-Brigade Acquisition III (M3-Brigade Acquisition III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » M3-Brigade Acquisition III Corp (NYSE:MBSC) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

1700 Broadway, 19th Floor, New York, NY, USA, 10019

Website

https://www.m3-brigade.com

M3-Brigade Acquisition III Corp is a blank check company.

Executives

William L Transier	director	3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Alan Jeffrey Carr	director	8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Mohsin Y Meghji	director, 10 percent owner, officer: Executive Chairman of BOD	C/O LOUGHLIN MEGHJI + COMPANY, NEW YORK NY 10016
Garner Charles Hugh Farkas	officer: EVP & Secretary	3 COLUMBUS CIRCLE, NEW YORK NY 10019
Frederick Arnold	director	CHATSWORTH ADVISORS, INC., 3 YORK ROAD, LARCHMONT NY 10538
William C Gallagher	officer: Executive Vice President	C/O WMIH CORP., 800 FIFTH AVENUE, SUITE 4222, SEATTLE WA 98104
Benjamin F Rattner	director	95 5TH AVENUE, 6TH FLOOR, NEW YORK NY 10003
Steven Vincent	director	C/O M3 ACQUISITION, 130 WEST 42ND STREET, 17TH FLOOR, NEW YORK NY 10036
Scott Charles Malpass	director	1700 BROADWAY, 19TH FLOOR, NEW YORK NY 10019
Matthew Perkal	officer: Chief Executive Officer	C/O M3 ACQUISITION, 130 WEST 42ND STREET, 17TH FLOOR, NEW YORK NY 10036
M3-brigade Sponsor Iii Lp	10 percent owner	1700 BROADWAY, 19TH FLOOR, NEW YORK NY 10019
Kallie Nicole Steffes	officer: Executive Vice President	1700 BROADWAY, 19TH FLOOR, NEW YORK NY 10019
Christopher Chaice	officer: Executive Vice President	1700 BROADWAY, 19TH FLOOR, NEW YORK NY 10019
Christopher A. Good	officer: Chief Financial Officer	1700 BROADWAY, 19TH FLOOR, NEW YORK NY 10019